What is Surgical Retractors Market?
Surgical retractors is defined as the surgical instrument, which is widely used to separate the edges of a surgical incision. It provides a secure grip and can safely hold back the fascia and tendons. Increase in the number of cesarean surgeries, rising demand for plastic and reconstructive surgeries, among others are likely to be a prime driver for the global surgical retractors market. The market for surgical retractor is anticipated to register a CAGR of over 8.7% during the forecast period.
The market study is being classified by Type (Hand-held, Self-retaining, Table-mounted and Wire), by Application (Abdominal, Cardiothoracic, Orthopedic, OB/GY and Aesthetic) and major geographies with country level break-up.
Johnson & Johnson (United States), Medtronic Plc (United States), Becton, Dickinson, And Company (United States), Stryker Corporation (United States), Terumo Corporation (Japan), Henry Schein, Inc. (United States), B. Braun Melsungen Ag (Germany), Teleflex Incorporated (United States), Integra Lifesciences Holdings Corporation (United States) and The Cooper Companies, Inc. (United States are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Globus Medical, Inc. (United States), Rti Surgical, Inc. (United States), Arthrex, Inc. (United States), Invuity, Inc. (United States) and Medline Industries, Inc. (United States).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global surgical retractors market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Surgical Retractors market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Surgical Retractors market by Type, Application and Region.
On the basis of geography, the market of Surgical Retractors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Number of Surgical Procedures
- Market Availability of Specialized and Application Specific Retraction Products
- Expansion of Geriatric Population
Market Trend
- Technological Advancements in the Surgical Retractor Instruments
Restraints
- Significant Product Costs in Surgical Retractors Products
- Increased Preference for Minimally Invasive Surgery (MIS) Procedures
Opportunities
- Rising Demand from Emerging Economics such as India, China, and others
Challenges
- Limited Reimbursements for Surgical Procedures
In January 2018, the QI Spine Company has launched single-use retractor, illuminated retractor system. Hence, it will increase the product portfolio of the company.
Key Target Audience
Manufacturers of Surgical Retractors, Suppliers of Surgical Retractors, Wholesalers, Distributors and Retailers of Surgical Retractors, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others